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Cisco Systems (CSCO) R&D spending by quarter

Cisco Systems' R&D spending was $2.4B in Q4 FY26 (fourth quarter fiscal 2026), +2% from Q3 FY26. Over the last 7 quarters it ranged from $2.3B (Q2 FY25) to $2.4B (Q4 FY26).

Cisco Systems R&D spending by quarterCisco Systems R&D spending by quarter$2.3BQ2 FY25$2.3BQ3 FY25$2.4BQ4 FY25$2.4BQ1 FY26$2.4BQ2 FY26$2.4BQ3 FY26$2.4BQ4 FY26
QuarterR&D spendingQ/QY/Y
Q4 FY26$2.4B+2%+2%
Q3 FY26$2.4B+0.9%+2%
Q2 FY26$2.4B-2%+2%
Q1 FY26$2.4B+0.8%—
Q4 FY25$2.4B+2%—
Q3 FY25$2.3B+2%—
Q2 FY25$2.3B——

Q4 FY26 at a glance

Cisco Systems, Q4 FY26: revenue $17.3B (+18% year over year), operating margin 24.7%, net earnings $3.9B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.

Questions

What is Cisco Systems' R&D spending?

Cisco Systems' R&D spending was $2.4B in Q4 FY26 (fourth quarter fiscal 2026), +2% from Q3 FY26.

How has Cisco Systems' R&D spending changed?

Over the last 7 quarters it ranged from $2.3B (Q2 FY25) to $2.4B (Q4 FY26).

Q4 FY26 results → · How Cisco Systems makes money →